Divide & Conquer — Kitchen Edition You know the home is a knockout when a roomful of seasoned, upper bracket Realtors all “ooh” and “aahh” — as they did this morning at 5336 Oaklawn, the host of this week’s Exceptional Properties meeting. The home is in the middle of one of the hottest neighborhoods for...Read More
. . . . When Overall Housing Prices are Static How can housing prices (average and median) be galloping ahead in some Twin Cities neighborhoods, when overall prices are only modestly rising (from still very low levels)? Easy. Explanation #1: not all neighborhoods are experiencing modest appreciation — some are doing GREAT; and Explanation #2: tear-downs....Read More
30 Slated for Edina So, where is residential new construction in the Twin Cities booming? Try . . . staid, mature — and now sizzling — Edina. At the moment, the city has issued 30 permits to tear down existing housing and construct new. Land and building costs being what they are, you’d estimate that...Read More
Minneapolis Beats Edina No, that’s not a wild basketball score — it’s 2010 per square foot selling prices. For the first time in my knowledge, home prices in Minneapolis — specifically, Southwest Minneapolis — bested prices in Edina (I’m leaving out the very swanky homes ringing Lake of the Isles and Calhoun). What’s that about? I’d...Read More
Cabinets cum Chalkboards I’m not prepared to pronounce it a trend after seeing it in exactly one house (in Edina’s South Harriet Park neighborhood), but it was eye-grabbing: kitchen cabinets that double as chalkboards. Great for kids — and parents who are always looking for Post-it notes!Read More
“They’re Asking How Much??” Where: 5500 Park Place, in Edina’s South Harriet Park neighborhoodAsking Price: $549,900 (white picket fence included)Key Stats: 3 BR/2BA; 1,500 FSF. Year built: 1947Lot Size: 60′ x 134.8′Time on Market: 64 days In any other Twin Cities neighborhood, this unassuming 3BR/2BA home with a white picket fence would be worth $150,000,...Read More
